# IBS + RSI

This is a mean reversion strategy based on the [IBS (Internal Bar Strength)](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/internal-bar-strength) and RSI (Relative Strength Index) indicators.

The strategy was inspired by the following:

[![IBS + RSI Rules](https://static.moshington.com/images/strategies/ibs-rsi/strategy-rules.png)](https://x.com/QuantifiedStrat/status/1708949863084535856)

## Rules

1. The asset's (e.g., SPY) IBS must be < 0.25.
2. If the 21-period RSI is < 45, enter a long trade.
3. Exit the trade when the current day's close is higher than the previous day's close.

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